Phemex Analysis #35: How to Capitalize on DOGE's Hot StreakPHEMEX:DOGEUSDT.P has recently experienced a significant surge, gaining over 100% in the past week and 300% in the past month. Originally known as a peer-to-peer digital currency favored by Shiba Inu enthusiasts, DOGE has evolved into a cultural phenomenon, often associated with Elon Musk and even linked to the United States Department of Government Efficiency (DOGE). These factors have solidified DOGE's position and fueled its recent price increase.
Key Levels to Watch:
Resistance Levels: $0.442, $0.564, and $0.744
These levels could act as barriers to further price increases or potential buying opportunities if broken with strong volume. The recent attempts to break through the $0.44 level on November 12th and 13th were unsuccessful, leading to a consolidation phase around $0.37 to $0.42.
Support Levels: $0.37, $0.34, $0.28, and $0.20
If the third attempt to break the $0.44 level fails, the price may retreat to one of these support levels. These levels could provide opportunities to accumulate DOGE at a lower price. Depending on your risk tolerance, you can enter earlier at $0.37 (but carry higher risk of price dropping) or enter later at $0.28 (lower risk, but might miss the entry). Alternatively, you can diversify your investments by allocating a portion of your funds to each support level.
Leveraging Trading Strategies
Grid Trading:
Utilize Phemex's Advanced Grid Bots to capitalize on price fluctuations within a specific range. By setting a grid between $0.28 and $0.744 (or higher), you can automatically buy low and sell high, maximizing profits from price swings & high volatility of DOGE.
Martingale Strategy:
If you're bullish on DOGE's long-term potential, consider using Phemex's Advanced Martingale Bots to double down on your position at lower support levels. Remember to use lower leverage to manage risk effectively.
Conclusion
DOGE's recent surge has generated significant excitement and volatility. While the future of the coin remains uncertain, understanding key support and resistance levels can help you make informed trading decisions. By employing effective trading strategies and managing risk, you can capitalize on potential opportunities in the volatile cryptocurrency market.
Tips:
Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Doge
Alikze »» BABYDOGE | Pull back to broken structure🔍 Technical analysis: Pull back to broken structure
- According to the analysis presented in the previous post , after reaching the dynamic trigger, a zigzag correction was encountered, which extended to the floor range of the dynamic correction trigger.
- Currently, in the weekly time frame, after exiting the density, it has succeeded in breaking the neckline, which has advanced to the supply area.
- Now it can continue the upward path in the supply area with a pullback to the range of the blue bar or green box, after the failure of the dynamic trigger, to the next supply range.
💎 Alternative scenario: In addition, if it faces selling pressure in the supply area and has a sharp correction, this correction can extend to the next blue bar.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
OKX:BABYDOGEUSDT
DOGE Price Outlook: Key Levels to Watch for a Potential BreakoutDOGE chart reflects a steady hold at the equilibrium level, adhering closely to the white scenario. Currently, the price is consolidating within a range of $0.34 - $0.44.
▪️ Key Range Overview:
A breakout below $0.34 could signal a move toward the nearest support zone, represented by the blue area.
A breakout above $0.44 would bring stronger confidence for a rally towards higher price levels. ⭐️🚀
The chart’s bullish scenario is highlighted in white, showing potential upward momentum. Conversely, the bearish scenario is represented in yellow, indicating caution for downside risk.
Keep an eye on these critical levels for strategic trading insights! 🔄✨
Doge bottom is in: Breakout soon to $0.65 AreaCurrently the 1H RSI is at levels not seen since $0.18
We have the 50 Bar EMA acting as a historic fundamental support.
We have fib levels holding strong suggesting a move to the next fib zone which is somewhere between 57 and 66 depending on where you start the base.
About 66% confident on a move higher, if we do crash the worst case scenario is $0.26 with a more likely bottom of $0.31-0.33 area. Again, I think we bottomed already but if i were to open a trade here my stop loss would be under 25.
Cycle targets:
Target 1: $0.60
Target 2: $0.89
Target 3: $1.16
Severe pullbacks likely after hitting each milestone's region. Use Caution
WIF daily 100% gains buy/hold V-shape recovery setup for bulls🔸Hello guys, today let's review daily price chart for WIF . Noteworthy V-shape recovery in progress, with a decent sequence of higher lows, so overall chart looks good for further gains. limited downside currently.
🔸Strong gains previously in September/Octber, right now re-accumulation
in progress so expecting more gains in this market in November 2024.
🔸Recommended strategy bulls: bullish structure and compression in progress. Accumulate near market price in the highlighted zone. Price target for the bulls is 4.50 USD, so it's a 100% BUY/HOLD trade setup. good luck traders.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
DOGE has formed a Pretty Big C&H Pattern !...As you can see, the price has been able to pass the cup and handle resistance, but this does not mean that the resistance is broken. We need to wait until this weekly candle closes for the breakout to be confirmed. If we measure the AB range, which is 17 cents, and if the breakout is confirmed, we can say that the price will easily grow 17 cents equal to CD.
PREVIOUS ANALYSIS
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOGE x100 Trade In Play: x25 Profits Left. DOGE Update 🚀: After entering at $0.1, we’re now at $0.4, but there’s even bigger news beyond the price movement.
DOGE isn’t just a meme coin anymore—it's officially part of U.S. politics! President-elect Donald Trump announced the formation of the US Department of Government Efficiency, aka "D.O.G.E." with none other than Elon Musk set to lead it alongside former candidate Vivek Ramaswamy.
Their mission? Slash government waste, post spending reports, and let citizens vote on “insanely dumb” budget items. Following the announcement, Dogecoin spiked 20% before cooling off, reminding us that the DOGE rollercoaster is far from over. Even with the hype dips, DOGE has gained 300% since Trump’s election win.
With my $10 target in sight, there’s still a 25x potential from current levels.
Previous DOGE charts:
Stay tuned!
Is Dogecoin (DOGE) set to $0.5?Dogecoin (DOGE) has sustained its strong upward trend for a fourth day in a row, climbing 48% in the past 24 hours, which has reignited conversations about the possibility of the coin hitting a $1 price target.
DOGE surged past 41 cents early Tuesday, marking its highest level since May 2021, when it reached a peak of just over 70 cents. Over the past week, the cryptocurrency has delivered a return of more than 103% to investors and nearly tripled in value over the last 30 days, according to data.
Coinglass data states thar DOGE experienced over $131 million in total liquidation. These liquidations were the most significant for the dog-themed cryptocurrency this year, with open interest approaching an all-time high set in April.
The current rally has been largely led by positive sentiment surrounding the influence by tech entrepreneur Elon Musk during the Trump administration.
Dogecoin has experienced a significant upward trend in recent days, gaining momentum after breaking through the $0.25 resistance level. However, sellers strongly defended the $0.44 level, creating a strong rejection. As of writing, DOGE price trades at $0.39, increasing by over 1.6% in the last 24 hours.
The lengthy wick on the November 11 candlestick indicates that bears are attempting to halt the ascent at $0.44. If the buyers can maintain their position against the bears, the DOGE/USDT pair might continue its climb towards $0.4. Interestingly, buyers have successfully defended the $0.34 level, creating a strong rebound.
However, if the buyers struggle to push the price above $0.4, a correction could occur, potentially pulling the pair back down to $0.32, and possibly retesting the breakout level at $0.25. It will be crucial for buyers to defend this level to preserve the upward momentum.
DOGE cup an handle potentialCould there be a massive cup and handle potential for DOGE forming? The outline is there. But, it seems too bullish to stop there. This is certainly on the table of possibles, but we'll see what the outcome is. I'm still bullish on DOGE and will be up until the end of the year. But, we'll see what happens. Follow for more.
Dogecoin (DOGE) OverboughtI have been trading for a long time using the DCA strategy indicator that I have developed and I have recently published the indicator on my Tradingview page.
According to this indicator, I have been buying DOGEs at support levels with more money than I would have thrown away so far. This support level is generally seen at $0.056. In addition, I dumped some of my DOGE at $0.2285, but then bought again at $0.107. I have already shared this analysis.
I think that DOGE, which has broken through two resistances, will advance at least up to $0.75 (potential 89% return). But for this progress, I think that it must first find support at the $0.2285 level, which was broken again. This is because the indicator also gives an overbought signal. Therefore, I will tailor my portfolio accordingly. But I wouldn't be surprised if it continues relentlessly.
As long as Elon Musk remains in government, I think this cryptocurrency will be on a continuous upward trend.
Dogecoin Descending Triangle Breakdown Potentialhello guys!
it is my perspective about #doge:
but let's dive into a lower time frame:
Triangle Pattern: Dogecoin is forming a descending triangle pattern, which typically signals a bearish continuation if support is broken.
Resistance Level: The price is facing resistance near $0.41, as indicated by the upper boundary of the triangle.
Support Zone: The lower boundary of the triangle around $0.36 serves as the immediate support. A break below this level could indicate a further drop.
Target Zone: If Dogecoin breaks below the support, it could move towards the $0.31 - $0.32 area, which serves as a significant support zone.
Risk Management: Watch for a possible reversal if the price fails to break below support, as this could invalidate the bearish setup.
Dogecoin Outpaces Bitcoin with 180% Post-Election Boom. When $1?In a much-wow fashion, Dogecoin DOGEUSD broke out of the pack with a 180% post-election rally. It did way better than Bitcoin BTCUSD . But what’s really behind the speculative gains and is there more room for growth? Like, say, can Dogecoin hit $1? It’s a possibility. Let’s dig into it.
We’ve all heard about Bitcoin BTCUSD — the orange coin that shook up the fabric of global financial markets and rewired how we think about money and investments. But a small yet mighty cryptocurrency is befriending the small yet ambitious trader.
Dogecoin DOGEUSD , the people’s digital asset and Elon Musk’s favorite coin, has posted some howling returns after Election Day vaulted Donald Trump to the top job in American politics. The Shiba Inu-themed coin has soared 180% since November 5, outperforming the big guy Bitcoin with its 30% rise for the same time span.
How did that happen? It’s mostly Elon Musk and his lofty aspirations for Dogecoin. “Supporting Doge wherever possible,” the Tesla boss said back in 2022. Conveniently placed front and center for the meme-loving crowds, this iconic meme token is easy to scoop up in boatloads, empowering retail investors with a feeling of accomplishment. Dogecoin’s price was last seen floating near 40 cents, up from 15 cents before the election result.
Bitcoin, on the other hand, is priced at just under $90,000 , powering higher in a record-setting run, and that makes it look much less affordable and less likely to appeal to retail traders. But looking at the plain price tag is misleading without factoring in the market cap, which shows you how much the token is worth.
In Dogecoin’s case, the 40 cents translate to something big. It’s no joke. Even though the sole purpose of Dogecoin was to be a joke. Back in 2013, Dogecoin was created as a satirical homage to Bitcoin. But if that coin back then had a puppy-like valuation of a couple millions, today it’s a $60 billion unleashed beast that's ready to chew up and spit out your portfolio. It holds about 2% dominance of the overall crypto market cap and it's worth more than Ford F , which churns out annual revenue of $180 billion and boasts a 121-year history.
Now digital-asset enthusiasts, especially the Dogecoiners around, are pinning their hopes on the iconic duo in the making — Donald Trump and Elon Musk. The two billionaires have apparently teamed up for the good of the crypto industry. Long story short — traders are betting on a crypto boom under President-elect Donald Trump.
And Dogecoin might get pulled into the mix. Elon Musk has already openly stated he’d be happy to get involved with politics. But not just any politics. DOGE politics. And it’s official — Trump said late Tuesday he’s tapping Elon Musk to lead a new department aptly called Department of Government Efficiency, or DOGE. The Tesla CEO will be joined by Republican presidential candidate Strive Asset Management co-founder Vivek Ramaswamy.
“I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (“DOGE”),” Trump said in the announcement , posted on his social media platform Truth Social.
The duo is teaming up to “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” the President-elect added.
All actions of the Department of Government Efficiency will be posted online for maximum transparency,” Musk said on his X platform . “Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know! We will also have a leaderboard for the most insanely dumb spending of your tax dollars. This will be both extremely tragic and extremely entertaining 🤣🤣”
Given Musk’s unfaltering devotion to Dogecoin, it’s not unrealistic to predict a function for his beloved token in the newly-whipped-up department. In this context, a $1 price tag, according to many crypto faithful, might actually come to fruition at some point in the foreseeable future, propelling the cryptocurrency to a $130 billion market cap.
But with all that hype, it could be difficult to go beyond the chatter and think clearly. And on the flip side, it may look easy to buy a dog-themed coin and retrieve some of those gains you see on the screen. Be careful, though — chasing down that game could lead to Great Dane-gers.
Do you own any Doge? Or are you looking to buy if you’ve missed out on the red-hot beast-mode rally? Share your thoughts below and let’s spin up the discussion!
Dogecoin Gains Momentum with Upcoming DogeOS & Bullish SentimentDogecoin ( CRYPTOCAP:DOGE ), the world’s favorite meme cryptocurrency, is showing signs of continued bullish momentum. The upcoming launch of DogeOS by MyDoge wallet and recent events involving prominent figures like Donald Trump and Elon Musk have sparked significant optimism in the DOGE community. As these developments continue to unfold, DOGE could see further price gains that might lead to a substantial rally in the coming weeks. Here’s an in-depth look at the technical and fundamental factors behind the recent surge in DOGE.
DogeOS and the ‘DOGE’ Department
1. DogeOS Launch to Empower Web3 Users
The Dogecoin ecosystem is set to expand with the anticipated launch of DogeOS, an innovative app layer designed by MyDoge wallet. MyDoge CEO Jordan announced that DogeOS will offer a more engaging Web3 experience by integrating games, apps, and other tools within the Dogecoin ecosystem. This development aims to attract a new generation of Web3 users, potentially increasing demand for CRYPTOCAP:DOGE and expanding its utility beyond a meme coin.
2. Boosted Market Sentiment Following Trump’s DOGE Agenda
In a significant development, President Donald Trump announced a new Department of Government Efficiency (DOGE), headed by Elon Musk and Vivek Ramaswamy. This symbolic connection to Dogecoin has brought excitement to the market, drawing investor interest in CRYPTOCAP:DOGE as market watchers speculate on possible implications. With the support of these high-profile figures, sentiment has turned increasingly bullish, as the market perceives DOGE’s potential as a token for advocacy and reform under a new governmental narrative.
Technical Analysis:
Currently trading in an upward trend, CRYPTOCAP:DOGE is showing a strong continuation pattern, supported by key technical indicators. After a recent pullback, CRYPTOCAP:DOGE has demonstrated resilience, rebounding by 1.26% as of the latest data. The price chart reveals a bullish trend, indicating a potential for further gains as CRYPTOCAP:DOGE continues to attract attention.
Despite reaching an RSI of 92—typically an overbought signal—the MACD, volume indicators, and Moving Averages continue to signal an upward trajectory. Historically, DOGE has rallied significantly during periods of high RSI, often surpassing expectations as new bullish news fuels demand. Traders are keeping a close eye on resistance levels, especially around $0.42, which, if broken, could set DOGE on a path to $1, according to prominent analysts.
What’s Next for Dogecoin?
With DogeOS on the horizon and major figures like Trump and Musk driving public interest, Dogecoin’s appeal as a speculative investment remains strong. The combination of MyDoge’s efforts to innovate within Web3 and the symbolic alignment of the DOGE coin with Trump’s administration has created a narrative that appeals to both crypto enthusiasts and new investors.
For those considering an entry point, the overbought RSI may signal caution in the short term. However, the broader indicators suggest the potential for sustained upward movement, particularly if DogeOS proves successful in driving new users to the ecosystem. Investors will be closely monitoring price action around key resistance levels, with $1 becoming a more realistic target as momentum builds.
As Dogecoin ( CRYPTOCAP:DOGE ) continues to expand its influence beyond memes, its technical and fundamental setups reflect an asset with growing potential. If the current momentum holds, DOGE could very well be on its way to new highs, marking a defining chapter in its journey to “the moon.” 🚀
DOGECOIN ( 0.52$ ) is uploadingHello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogecoin, 📚💣
We are likely to see a 30% increase in the coin’s price soon, although short-term bearish movements or range candles may appear before the major uptrend. These are common patterns before a significant rise. To help navigate these fluctuations, I’ve highlighted key support levels based on Fibonacci retracements. Recently, the coin broke through several long-term resistance levels that had been in place for years, marking a crucial shift. This move is significant, as the coin gains momentum with increased trading volume and growing influence from social media. It’s rapidly transforming into a powerful asset. With these market dynamics, we are entering an exciting phase of growth for the coin, like a volcano preparing to erupt. 📚🎇
🧨 Our team's main opinion is The coin is poised for a 30% price increase, with potential short-term fluctuations before a major uptrend. Recent breakthroughs in resistance, growing trading volume, and social media influence signal a powerful move ahead. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
DOGECOIN ( 0.36$ ) is uploading Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogecoin, 📚💣
Very soon, we are likely to see an approximate 30% increase in the price of this coin. Throughout this journey, we may encounter range candles or short-term bearish movements, which are common before a significant upward trend. 📚💡
To assist you in navigating these fluctuations, I have outlined the key support levels based on Fibonacci retracements. As I mentioned in my previous analyses, the coin has recently broken through several long-term resistance levels that have been in place for years. 📚✨
This is a highly significant move, and with the introduction of new trading volume and the growing influence of social media, this asset is quickly transforming into a powerful and unstoppable force. 📚🙌
It is now like a volcano on the verge of eruption, poised to make a dramatic upward move. The market dynamics, combined with this newfound momentum, suggest that we are entering an exciting phase of growth for this coin. 📚🎇
🧨 Our team's main opinion is The price of this coin is expected to rise by about 30%, with short-term fluctuations along the way. After breaking long-term resistance levels, it’s gaining momentum, fueled by new trading volume and social media influence, creating strong upward potential. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
DOGE/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this DOGE/USDT update from Crypto Sanders.
Chart Analysis:- Dogecoin (DOGE) rose by over 10% earlier today, as the global cryptocurrency market cap returned to the green.
DOGE/USD peaked at 0.07489 on Thursday, following a low of $0.06596 the day before.
move sent dogecoin to its strongest point since August 14, when the price climbed to a high of 0.0771.
this is the seventh day in the last eight sessions that the meme coin has traded in the green.
This latest surge has pushed the 14-day relative strength index (RSI) to a current reading of 80.21, above a ceiling of 76.00.
As a result of prices being overbought, current buyers may now begin to secure their profits.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
WARNING -------BABYDOGE Is About To Go ------PARABOLICMartyBoots here , I have been trading for 17 years and sharing my thoughts on BABYDOGE.
BABYDOGEis looking beautiful , very nice chart for more upside when this base breaks out
Very similar to MATIC back in 2021
Do not miss out on BABYDOGE as this is a great opportunity
Watch the video for more details
$DOGE: Everything you need to know is hereBINANCE:DOGEUSDT has been on an impressive run, capturing the attention of traders as it pushes through key levels—and trust me, this is just the beginning of what could be a massive rally toward the $1 mark or even higher.
Whether you're already riding this wave or looking for the perfect entry, timing is everything. In this analysis, I'll guide you through what to watch for if you're holding onto DOGE, as well as insights for those who missed the initial move and are waiting for a strategic entry. With clear levels and tactical steps, this guide will help you navigate retracements and breakouts, so you can stay on top of the action.
First let's start with the million dollar question:
Is DOGE Really Heading to $1? Let’s Look at the Bigger Picture
BINANCE:DOGEUSDT has been through a long and challenging accumulation phase, stuck in a tight range between $0.05 and $0.1 from May 2023 until February 2024. In the final week of February, it broke free from this consolidation zone with a powerful green candle, moving into a new range between $0.1 and $0.16. This shift set the stage for DOGE’s upward momentum.
Fast forward to November 5th, during the U.S. election day. As results started favoring Donald Trump, who has been backed by Elon Musk, speculation rose around Musk's "Department of Government Efficiency" (D.O.G.E)—a nod to cryptocurrency’s potential role in the future. With Trump’s presidency expected to be crypto-friendly and Musk’s influence in the mix, DOGE was perfectly positioned to ride the wave, quickly becoming one of the first coins to experience a significant pump alongside Bitcoin.
This is more than just a price rally—it’s the beginning of a narrative that could propel BINANCE:DOGEUSDT to all-time highs. The alignment of market sentiment, political shifts, and strong technical setups suggest DOGE may be on the verge of something big. And this is only the beginning—if DOGE continues to hold these levels, the journey to $1 could be well within reach. Stay tuned, because the best is yet to come!
For Those Already in the Trade: What to Expect, Where to Take Profits, and Where to Hold
If you're already holding DOGE—whether in spot or leverage trades from entries around $0.24 or lower—you're in a solid position. But for those who entered later, staying alert is key as DOGE navigates potential pullbacks. Here’s what to watch:
Weak Support Zone ($0.366 - $0.34): This level was tested on November 13th, showing signs of weakness. If BTC and other altcoins pull back further, expect this level to be vulnerable.
If DOGE consolidates here with weak momentum, it could break down through this support, so keep an eye on price behavior in this zone.
Medium Support Zone ($0.31 - $0.28): Personally, this is my level of interest. It aligns with the 1D Fair Value Gap (FVG) just above the 0.382 Fibonacci level, a former resistance zone that has turned into support. This is a golden support zone for DOGE; if it holds, it reinforces the bullish momentum. But if BINANCE:DOGEUSDT breaks below, it may mean the rally to $1 could take longer than anticipated which makes us move to the next and should be the last zone.
Strong Support Zone ($0.2): This area could see high volatility if the price retraces this far. For long-term accumulation, this level is ideal as it’s likely to attract institutional buyers and market makers looking to build positions. If price returns here, consider slowly building up your position as we wait for bullish confirmations.
Now let me talk to anyone who missed trading BINANCE:DOGEUSDT , Here's how to enter smartly:
If you missed the recent rally, don’t let FOMO (Fear of Missing Out) cloud your strategy. Remember: fear and greed drive the market. When others are fearful, it’s time to look for your entry; when they’re greedy, protect your gains.
In crypto, discipline is half the battle—knowing when to wait for the price to come to your level instead of chasing it. Here’s how to approach DOGE with patience and strategy:
Scenario 1: Watch the Weak Support Zone ($0.366 - $0.34)
Between November 13th and 14th, DOGE’s reaction here will give a clearer picture. If price retests this level and finds support, bouncing higher, consider opening a small position. Add to it after each confirmed breakout from consolidation zones. This gradual approach allows you to build a position with the trend, lowering risk.
If this weak support fails and DOGE breaks below, wait for a better opportunity at the next level.
Scenario 2: The Golden Support Zone ($0.31 - $0.28)
This zone, marked by the 1D FVG and the 0.382 Fibonacci level, is an ideal entry point if DOGE pulls back here. This area has strong support potential, so look for bullish confirmations—like consolidation, a bounce, or a strong green candle—that signal a reversal. Entering here would put you in a favorable position to ride the next leg up.
Scenario 3: Enter on a Breakout Above $0.447
If DOGE doesn’t retrace fully and instead starts to rally, the best entry would be on a breakout above the 0.618 Fibonacci level around $0.447. A breakout above this level, with high-timeframe candles (4H, 8H, or Daily) closing above, signals a continuation of the rally. Entering here positions you for the next potential leg up as the trend accelerates.
Final Thoughts:
Patience and discipline are your best allies in the market. Whether you’re holding, adding, or entering for the first time, always wait for clear confirmations—like strong bounces, consolidations, or breakouts—before committing.
DOGE has shown it has the momentum, and with the right timing, you can make the most of the opportunities ahead.
Stay sharp, and let the market come to you.
AK
Cheers
DOGE never failsWith DOGE having been adopted by Elon and him rising to power within the new President elect's cabinet, we're seeing some meteoric rises for DOGE. It's great to see as it's a Meme coin, one of the first, which has been fantastic from the start. Now, we're still super bullish and the sub-waves are playing out beautifully. The big question is; is wave 3 done or does it have more to go before correcting for 4 and then onwards to complete this impulse for 5? Either way, it's fantastic to see DOGE do so well. My favourite MEME coin by far.
Spring '21 Resistance Halts DOGE, Retracement Coming??Here I have COINBASE:DOGEUSD on the Weekly Chart!
Last week COINBASE:DOGEUSD jumped .15 cents or roughly 102% following the final voting count electing Donald Trump the next President of the USA. Along his campaign, we saw a very heavy Pro-Crypto agenda along with the on-boarding of Elon Musk, known for his interest in COINBASE:DOGEUSD possibly being given a position running a "Department Of Government Efficiency".
Price on COINBASE:DOGEUSD after breaking the Aug - Oct '21 Highs has halted right at the Apr - May '21 Resistance. Now with all the speculations coming out about the imminent RISE of price, where is a good place to start investing before the boom?!?!
Based off the High @ .4398 to the Low @ .0805, just before the Break of Structure, We are given some Fibonacci Levels that align with Potential Buying Opportunities if Price needs Support to continue Higher to the All Time High @ .7605.
*Aug / Oct '21 Highs
.3550 - .3025
23.6% - 38.2%
*Mar / Apr '24 Highs
.2290 - .2067
*Golden Zone
.2178
61.8%